SEGA says it will be cutting jobs in North America and Europe and will be cancelling titles due to a downturn in business that's caused them to slash their financial projections for the year, reports GamesIndustry International. They have an announcement from SEGA to this effect, though this only details the IPs not being cut, leaving us to wonder what games will be cancelled. "We conducted detailed reviews of earnings projections for titles targeted toward the U.S. and European markets and decided to narrow down sales titles from the following period and after to strong IPs, such as 'Sonic the Hedgehog,' 'Football Manager', 'Total War' and 'Aliens' which are expected to continue posting solid earnings," reads the press release. "In accordance with this, we are canceling the development of some game software titles."